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Trump Prepares to Oust Fed Chair Powell, Says New Chair Decision 'Very Soon'

Published by news.bitcoin.com on 2025-06-07

Trump Prepares to Oust Fed Chair Powell, Says New Chair Decision 'Very Soon'

U.S. President Donald Trump is expressing growing dissatisfaction with Federal Reserve Chair Jerome Powell.

Just ahead of the weekend, he informed reporters aboard Air Force One that a decision regarding the next Fed chair will be “coming out very soon.”

Trump has demanded a rate cut, slamming Powell and signaling a potential overhaul of the Fed leadership.

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